{"id":123369,"date":"2021-11-22T05:29:25","date_gmt":"2021-11-21T22:29:25","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-four-room-flats-at-rochor-bto-projects-under-prime-housing-model\/"},"modified":"2021-11-22T14:04:20","modified_gmt":"2021-11-22T07:04:20","slug":"strong-demand-for-four-room-flats-at-rochor-bto-projects-under-prime-housing-model","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-demand-for-four-room-flats-at-rochor-bto-projects-under-prime-housing-model\/","title":{"rendered":"Strong demand for four-room flats at Rochor BTO projects under prime housing model"},"content":{"rendered":"


\nAs of 2pm on 22 November, the subscription rate for 4-room flats stood at 4.1 for first-timers and 80.5 for second-timers, and 8.0 for the overall rate. Source: HDB
\nDemand for four-room flats in the first Build-To-Order (BTO) projects under a new prime location public housing (PLH) model have been strong, with such units receiving twice the number of applicants than units available just a day following their launch on 17 November, reported Today.
\nHowever, demand for the three-room flats remains muted.\u00a0According to HDB, the application rate as of 2pm on 22 November for three-room flats\u00a0stood at\u00a00.8 for first-timers, 28.9 for second-timers, and 2.2 for the overall rate.
\nConversely, there\u00a0were\u00a05,414 applicants competing for the 680 four-room flats at the Rochor BTO projects \u2013 River Peaks I and II \u2013\u00a0with an application rate of 4.1 for first-timers and 80.5 for second-timers, and 8.0 for the overall rate.
\nBeing the first projects under the PLH model, the units come with stricter ownership criteria to keep flats within prime areas affordable and accessible to Singaporeans.
\nFlats under this model come with a longer minimum occupation period of 10 years, instead of the usual five years.
\nOwners of such flats are also prohibited from renting out the whole unit even after 10 years.
\nThe robust demand for four-room flats was driven by second-time applicants. Again, with the three-room flats,\u00a0second-time applicants accounted for most of the interest.
\nAside from the Rochor projects, there were also seven BTO projects launched within non-mature estates Hougang, Chua Chu Kang, Tengah and Jurong West as well as in mature estate Kallang Whampoa.
\nLooking for a property in Singapore? Visit PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\nCheryl Chiew, Digital Content Specialist at PropertyGuru, edited this story. To contact her about this story, email:\u00a0cheryl@propertyguru.com.sg.\u00a0
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Strong demand for four-room flats at Rochor BTO projects under prime housing model<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

As of 2pm on 22 November, the subscription rate for 4-room flats stood at 4.1...<\/p>\n","protected":false},"author":1,"featured_media":123370,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-123369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/11\/hdb-flats-in-singapore.jpg?fit=820%2C410&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-w5P","jetpack-related-posts":[{"id":122853,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-bto-project-under-new-prime-housing-model-to-be-built-in-rochor\/","url_meta":{"origin":123369,"position":0},"title":"First BTO project under new prime housing model to be built in Rochor","date":"October 27, 2021","format":false,"excerpt":"\r The Rochor BTO project will have 960 units of\u00a0three-room and four-room flats, and 40 units of two-room rental flats. Source: HDB The first project under the new prime location public housing (PLH) model will be built at Rochor and launched at next month\u2019s Build-to-Order (BTO) exercise. Situated along Weld\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/rochor-bto-plh.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":8221,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/5-room-bidadari-flats-more-than-75-times-oversubscribed-by-2nd-timers\/","url_meta":{"origin":123369,"position":1},"title":"5-room Bidadari flats more than 75 times oversubscribed by 2nd timers","date":"February 29, 2016","format":false,"excerpt":"\r Artist\u2019s impression of the Alkaff Oasis BTO project in Bidadari. 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